The federal government said it will spend up to $204.5 million from the Strategic Innovation Fund’s Net Zero Accelerator on the “major” facility in Maple Ridge, B.C., while the province will put in as much as $80 million. The rest will be funded by E-One Moli and other private sources, the province said. (The Logic)

Talking point: The governments said the project will create up to 350 new jobs and secure over 100 existing jobs, becoming the largest private-sector employer in Maple Ridge, east of Vancouver. It’s expected to be the country’s largest factory for high-performance battery cells, producing up to 135 million yearly for applications like consumer electronics, vehicles and aerospace. The government had faced criticism for delays in approving E-One Moli’s 2019 funding request and potentially discouraging its expansion. Although the firm was founded in Canada, it is now based in Taipei, owned by Taiwan Cement Corporation.